SapuraCrest: This oil and gas player’s share price surged 9 sen, or 6%, to RM1.59 on Bursa Malaysia, on heavy volume of about 30 million units. Interest was shifting to stocks in the oil and gas sector from the recent property play, one analyst said. This was possibly driven by Petronas’ business developments in oil exploration and related activities and the trans-peninsula pipeline project, which could see local companies being awarded contracts, he said.
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